Shiba Inu Plunges to $0.000005 Amid 62% Burn Rate Slump

Shiba Inu has fallen back into the $0.000005 price range, placing it at a crucial technical juncture where its future direction hangs in the balance.

The token's recent inability to push through resistance around $0.00000536 has left analysts questioning whether SHIB is establishing a floor or facing another leg down.

Macro headwinds have not provided any relief, with Bitcoin trading near four-week lows following the failed CLARITY Act vote and U.S. Treasury yields above 5% weighing on risk-sensitive assets.

The burn rate has also taken a hit, plummeting by approximately 62%, which undercuts the supply narrative that had been a key focus for the Shiba Inu community.